Deutsche Mid Cap Etf Market Value
| SMCAX Etf | USD 9.23 0.02 0.22% |
| Symbol | DEUTSCHE |
The market value of DEUTSCHE MID CAP is measured differently than its book value, which is the value of DEUTSCHE that is recorded on the company's balance sheet. Investors also form their own opinion of DEUTSCHE MID's value that differs from its market value or its book value, called intrinsic value, which is DEUTSCHE MID's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DEUTSCHE MID's market value can be influenced by many factors that don't directly affect DEUTSCHE MID's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DEUTSCHE MID's value and its price as these two are different measures arrived at by different means. Investors typically determine if DEUTSCHE MID is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DEUTSCHE MID's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
DEUTSCHE MID 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to DEUTSCHE MID's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of DEUTSCHE MID.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in DEUTSCHE MID on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding DEUTSCHE MID CAP or generate 0.0% return on investment in DEUTSCHE MID over 360 days. DEUTSCHE MID is related to or competes with Financial Investors, ALPSSmith Credit, ALPSSmith Credit, DEUTSCHE MID. Under normal circumstances, the fund invests at least 80 percent of the aggregate of its net assets and borrowings for i... More
DEUTSCHE MID Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure DEUTSCHE MID's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess DEUTSCHE MID CAP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1828 | |||
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 0.7646 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2193 |
DEUTSCHE MID Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DEUTSCHE MID's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DEUTSCHE MID's standard deviation. In reality, there are many statistical measures that can use DEUTSCHE MID historical prices to predict the future DEUTSCHE MID's volatility.| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.52) | |||
| Treynor Ratio | 0.2548 |
DEUTSCHE MID CAP Backtested Returns
At this stage we consider DEUTSCHE Etf to be very steady. DEUTSCHE MID CAP secures Sharpe Ratio (or Efficiency) of 0.0612, which denotes the etf had a 0.0612% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for DEUTSCHE MID CAP, which you can use to evaluate the volatility of the entity. Please confirm DEUTSCHE MID's Market Risk Adjusted Performance of 0.2648, mean deviation of 0.1329, and Downside Deviation of 0.1828 to check if the risk estimate we provide is consistent with the expected return of 0.0105%. The etf shows a Beta (market volatility) of 0.0261, which means not very significant fluctuations relative to the market. As returns on the market increase, DEUTSCHE MID's returns are expected to increase less than the market. However, during the bear market, the loss of holding DEUTSCHE MID is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
DEUTSCHE MID CAP has good predictability. Overlapping area represents the amount of predictability between DEUTSCHE MID time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DEUTSCHE MID CAP price movement. The serial correlation of 0.67 indicates that around 67.0% of current DEUTSCHE MID price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
DEUTSCHE MID CAP lagged returns against current returns
Autocorrelation, which is DEUTSCHE MID etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting DEUTSCHE MID's etf expected returns. We can calculate the autocorrelation of DEUTSCHE MID returns to help us make a trade decision. For example, suppose you find that DEUTSCHE MID has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
DEUTSCHE MID regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If DEUTSCHE MID etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DEUTSCHE MID etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DEUTSCHE MID etf over time.
Current vs Lagged Prices |
| Timeline |
DEUTSCHE MID Lagged Returns
When evaluating DEUTSCHE MID's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DEUTSCHE MID etf have on its future price. DEUTSCHE MID autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, DEUTSCHE MID autocorrelation shows the relationship between DEUTSCHE MID etf current value and its past values and can show if there is a momentum factor associated with investing in DEUTSCHE MID CAP.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in DEUTSCHE Etf
DEUTSCHE MID financial ratios help investors to determine whether DEUTSCHE Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in DEUTSCHE with respect to the benefits of owning DEUTSCHE MID security.